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CoreWeave, Inc.（CRWV）与RYDER SYSTEM INC（R）财务数据对比。点击上方公司名可切换其他公司
RYDER SYSTEM INC的季度营收约是CoreWeave, Inc.的2.0倍（$3.1B vs $1.6B），RYDER SYSTEM INC净利率更高（3.0% vs -28.7%，领先31.7%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $-2.5B）
CoreWeave是总部位于美国新泽西州利文斯顿的人工智能云计算企业，专注为AI开发者及各行业企业客户提供云侧图形处理器（GPU）算力基础设施，同时自主研发芯片管理相关软件。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
CRWV vs R — 直观对比
营收规模更大
R
是对方的2.0倍
$1.6B
净利率更高
R
高出31.7%
-28.7%
自由现金流更多
R
多$2.8B
$-2.5B
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $3.1B |
| 净利润 | $-451.7M | $93.0M |
| 毛利率 | 67.6% | — |
| 营业利润率 | -5.7% | — |
| 净利率 | -28.7% | 3.0% |
| 营收同比 | — | 1.0% |
| 净利润同比 | — | -5.1% |
| 每股收益（稀释后） | $-0.50 | $2.34 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CRWVR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $1.6B | $3.2B | ||
| Q3 25 | $1.4B | $3.2B | ||
| Q2 25 | $1.2B | $3.2B | ||
| Q1 25 | $981.6M | $3.1B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | $583.9M | $3.2B | ||
| Q2 24 | $395.4M | $3.2B |
净利润CRWVR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $-451.7M | $132.0M | ||
| Q3 25 | $-110.1M | $138.0M | ||
| Q2 25 | $-290.5M | $131.0M | ||
| Q1 25 | $-314.6M | $98.0M | ||
| Q4 24 | — | $135.0M | ||
| Q3 24 | $-359.8M | $142.0M | ||
| Q2 24 | $-323.0M | $127.0M |
毛利率CRWVR
| Q1 26 | — | — | ||
| Q4 25 | 67.6% | — | ||
| Q3 25 | 73.0% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 73.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 75.5% | — | ||
| Q2 24 | 72.5% | — |
营业利润率CRWVR
| Q1 26 | — | — | ||
| Q4 25 | -5.7% | 5.6% | ||
| Q3 25 | 3.8% | 6.0% | ||
| Q2 25 | 1.6% | 5.8% | ||
| Q1 25 | -2.8% | 4.3% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | 20.1% | 5.9% | ||
| Q2 24 | 19.7% | 5.6% |
净利率CRWVR
| Q1 26 | — | 3.0% | ||
| Q4 25 | -28.7% | 4.2% | ||
| Q3 25 | -8.1% | 4.4% | ||
| Q2 25 | -24.0% | 4.1% | ||
| Q1 25 | -32.1% | 3.1% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | -61.6% | 4.5% | ||
| Q2 24 | -81.7% | 4.0% |
每股收益（稀释后）CRWVR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $-0.50 | $3.22 | ||
| Q3 25 | $-0.22 | $3.32 | ||
| Q2 25 | $-0.60 | $3.13 | ||
| Q1 25 | $-1.49 | $2.27 | ||
| Q4 24 | — | $3.09 | ||
| Q3 24 | $-1.82 | $3.24 | ||
| Q2 24 | $-1.62 | $2.84 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.2B | $182.0M |
| 总债务越低越好 | $21.4B | — |
| 股东权益账面价值 | $3.3B | $2.9B |
| 总资产 | $49.3B | — |
| 负债/权益比越低杠杆越低 | 6.41× | — |
8季度趋势，按日历期对齐
现金及短期投资CRWVR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $3.2B | $198.0M | ||
| Q3 25 | $1.9B | $189.0M | ||
| Q2 25 | $1.2B | $180.0M | ||
| Q1 25 | $1.3B | $151.0M | ||
| Q4 24 | — | $154.0M | ||
| Q3 24 | $1.4B | $162.0M | ||
| Q2 24 | $1.0B | $164.0M |
总债务CRWVR
| Q1 26 | — | — | ||
| Q4 25 | $21.4B | $6.8B | ||
| Q3 25 | $14.0B | $7.3B | ||
| Q2 25 | $11.1B | $7.0B | ||
| Q1 25 | $8.7B | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益CRWVR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $3.3B | $3.1B | ||
| Q3 25 | $3.9B | $3.1B | ||
| Q2 25 | $2.7B | $3.1B | ||
| Q1 25 | $1.9B | $3.0B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | $-344.0M | $3.1B | ||
| Q2 24 | $-1.0B | $3.1B |
总资产CRWVR
| Q1 26 | — | — | ||
| Q4 25 | $49.3B | $16.4B | ||
| Q3 25 | $32.9B | $16.5B | ||
| Q2 25 | $26.2B | $16.5B | ||
| Q1 25 | $21.9B | $16.4B | ||
| Q4 24 | — | $16.7B | ||
| Q3 24 | — | $16.5B | ||
| Q2 24 | — | $16.4B |
负债/权益比CRWVR
| Q1 26 | — | — | ||
| Q4 25 | 6.41× | 2.24× | ||
| Q3 25 | 3.62× | 2.35× | ||
| Q2 25 | 4.16× | 2.27× | ||
| Q1 25 | 4.57× | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 2.09× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.6B | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $-2.5B | $273.0M |
| 自由现金流率自由现金流/营收 | -159.1% | 8.7% |
| 资本支出强度资本支出/营收 | 258.3% | 13.7% |
| 现金转化率经营现金流/净利润 | — | 6.27× |
| 过去12个月自由现金流最近4个季度 | $-7.3B | $595.0M |
8季度趋势，按日历期对齐
经营现金流CRWVR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $1.6B | $749.0M | ||
| Q3 25 | $1.7B | $442.0M | ||
| Q2 25 | $-251.3M | $752.0M | ||
| Q1 25 | $61.2M | $651.0M | ||
| Q4 24 | — | $558.0M | ||
| Q3 24 | — | $629.0M | ||
| Q2 24 | — | $552.0M |
自由现金流CRWVR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $-2.5B | $344.0M | ||
| Q3 25 | $-699.8M | $-85.0M | ||
| Q2 25 | $-2.7B | $63.0M | ||
| Q1 25 | $-1.3B | $137.0M | ||
| Q4 24 | — | $-201.0M | ||
| Q3 24 | — | $30.0M | ||
| Q2 24 | — | $-87.0M |
自由现金流率CRWVR
| Q1 26 | — | 8.7% | ||
| Q4 25 | -159.1% | 10.8% | ||
| Q3 25 | -51.3% | -2.7% | ||
| Q2 25 | -223.0% | 2.0% | ||
| Q1 25 | -137.1% | 4.4% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | -2.7% |
资本支出强度CRWVR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 258.3% | 12.8% | ||
| Q3 25 | 175.1% | 16.6% | ||
| Q2 25 | 202.3% | 21.6% | ||
| Q1 25 | 143.4% | 16.4% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 18.9% | ||
| Q2 24 | — | 20.1% |
现金转化率CRWVR
| Q1 26 | — | 6.27× | ||
| Q4 25 | — | 5.67× | ||
| Q3 25 | — | 3.20× | ||
| Q2 25 | — | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | — | 4.13× | ||
| Q3 24 | — | 4.43× | ||
| Q2 24 | — | 4.35× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CRWV
| US | $1.4B | 92% |
| Non Us | $129.3M | 8% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
